The Dow is down over 1000 points. I hope you all have been moving your funds to safer investments. 🙏💕
The Dow is down over 1000 points. I hope you all have been moving your funds to safer investments. 🙏💕
I've moved mine to invest in Canada!
I moved my 401k to an IRA as soon as the felon took office. Don't know if that will help.
I moved all my money into "I did this" stickers. So far, I'm minting money.
Nope. 🥲
I can't remember! Who was it who said that when the dow is down 1000 points, the president must be impeached?
Is he orange and has shit for brain?
I heard he may smell like shit, too
🤣
Yep, under the mattress.
Three weeks ago i had my investment jedi move 60% of my schwab accounts into Money Markets funds for the short term. I am quite pleased with that decision.
✌️
All that winning is too much to handle. 🫢
Aha...my plan to not have any money to invest so it won't get lost, is working.
I pulled out as soon as he “won”??? You could see this coming like a freight train!! The only people who are still in it, can afford to drop a few million here and there??
Call me crazy...I'm gonna ride it out
Me too. I always have but kept some cash on the sidelines to buy some golden opportunities. Am starting to put some into european defense industries. Just bought some Eutelsat (starlink competitor). Hope we're right. But if everything goes to hell, not sure it will matter.
I hope you’re right. I took the safer route. Paid off my house and car. Invested in real estate so I have rental income and moved to cash and low risk investments. Trump is mentally unstable, not sure why they are letting him run wild with the economy.
I'm in a different place. No house payments, rental property income too. But do need the stock dividends. Fasten your seat belt fellow Americans.
WAIT! STOP! The way you lose in the market is selling when it goes down. BUY when it's down. There are two great truths about the markets. They will always go back up and they will always go back down. That said, the market has climbed at approximately 12% per annum through thick and thin.
This is normally true. However we are not in normal times and it seems as if they are trying to tank the economy as well as force a switch to crypto. My family has been in finances and wealth management for decades. The markets may not recover from what is happening for years to come.
Agree.
Depends on how long you plan on keeping your money in the markets and how badly they crash. I think we are heading into Hooverville territory.
I got out a day late. I liquidated last Tuesday. Still happy I am all cash, what little there is of it. LOL.
All this just to crash the economy so gas prices will fall and interest rates will Come down.
If that was intention, benefit consumers, be one thing. More likely, looking to play the market and make a killing on the buys. They've been manipulating market since he got there.
70% of my 401k are in stocks. Not exactly a good day for me.
Guess I better take a hard look at my 401k.
Get ready for a gasp !!
CASH IS KING!
And loving every minute of it. You know how brokers always say…”just ride it out”…a few weeks ago I said move it all into cash and money markets…safe havens. FOR THE FIRST TIME EVER… No pushback…they agreed! 🧐
My wealth manager reached out to me a few weeks ago to suggest I move everything to safer places. Best decision ever. Liquidated what I had left last week to have enough cash on hand if shit really hits the fan.
Me too. Something told me this was coming.
Certainly, I have been selling winners since the inauguration.
I have. My 2m portfolio only lost 1,511. That is considered good after rebalancing and loosing 9700 last thursday.
I moved to cash a few weeks ago.
I did but is any place really safe now?
CD's under 250K spread out in FDIC insured banks is about as safe as you can find.
Yep, have some CDs in place. That is likely safe as long as the FDIC is not eliminated.
Gold and Reverse Mortgage commercials will be on the uptick.
i had been so long without a 401k, i forgot i now have one. Which means I forgot to change my allocations. ugh oh well, buying the dip i guess
Safety is an illusion under Trump.
We’re retired; our portfolio is professionally managed. I’m interested in seeing how it looks tomorrow morning; don’t plan on any major changes. If you’re invested in target date funds or index funds, they are passively managed. Lower fees, but less flexibility to adapt to changing markets.
Thankfully I rebalanced two weeks ago to put most of my retirement savings into Treasuries. I’m too close to retirement to see it wiped out by the orange felon.
Taxi for the Orange man.
At this point, are there any safe investments?
yup…
Lol what funds?